BusinessWorld E-paper
August 25, 2022
THE DISRUPTION of schooling due to the coronavirus disease 2019 (COVID-19)
pandemic inflicted lifetime earning losses in developing Asia, most particularly for those in lower income brackets, the Asian Development Bank (ADB) reported.
“The pandemic has further exacerbated the learning crisis for today’s student cohort. Globally, estimates suggest that 70% of 10-year-olds are unable to read and understand a simple text, and this contributes to a loss in potential lifetime earnings by today’s generation of students equivalent to 17% of current gross domestic product (GDP)
level,” the ADB said in its Key Indicators for Asia and the Pacific 2022 released on
Wednesday.
